Common GST, property errors flagged for tax agents

The ATO has flagged some common errors in suppliers’ activity statements since the introduction of GST at settlement.

Shared by Accountants Daily

March 15, 2019

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Last year, the government announced new measures that put the onus on purchases to withhold the GST on the purchase price of new residential premises and new residential subdivisions, and remit the GST directly to the ATO as part of settlement.